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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (37898)	8/11/1999 10:12:00 AM
From: Sawtooth	Read Replies (3) \| Respond to of 152472

<< Why is Q down at the open, while so many are up? Any ideas?>> Many sitting on large gains from the huge run-up held as the Q hit 160's, then dwindled down to current levels. They are nervous, nervous, nervous about future erosion of their unrealized gains and, for some, the tension is just too much to hang in there. They are jumping on todays blip of strength to bail. Odds in the short term seem to favor downside vs. upside, so some will try to time and reenter with various degrees of success. Hasn't ever worked very well for me, FWIW. All the FUD should create excellent purchase opportunities for those with patience and a longer term vision. JMO. I could be all wrong, of course, but you asked for any ideas. Best.